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How Boston condo “Private Listings” screw the elderly

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How Boston condo “Private Listings” screw the elderly

A Federal Reserve Bank of Philadelphia working paper shows that private “pocket listings” significantly disadvantage homeowners over age 70, resulting in lower sales returns and higher risks of predatory double-ending.

The research highlights that off-MLS strategies and dual agency practices, which often benefit brokers, contribute to this financial penalty for elderly sellers. Read the full analysis at The Real Deal.

 
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